scholarly journals Methodology and practice of building a new end-to-end corporate governance system for the agro-industrial complex

2021 ◽  
Vol 1 (8) ◽  
pp. 18-28
Author(s):  
E. V. Gusakov
Keyword(s):  
Corporate Governance ◽  
Management System ◽  
Cluster Formation ◽  
Organizational Structures ◽  
Corporate Management ◽  
Industrial Complex ◽  
Governance System ◽  
Corporate Governance System ◽  
End To End ◽  
Definition Of

A conceptual model of the organization and functioning of the agro-industrial complex management system as a mega-cluster formation has been constructed, which includes four main blocks: organizational, economic, legal and institutional, which contain their inherent instruments and levers of regulation. Based on the above, the definition of the management model of the agro-industrial complex as a mega-cluster organization has been formulated. In development, an appropriate definition of the organizational and economic model of corporate governance of the agro-industrial complex as a mega-cluster is given. A set of factors that affect the management system in the agro-industrial complex has been established, and their brief interpretation is given. It has been established that in the modern practice of the agro-industrial complex, several main groups of models can be distinguished, typical for all levels of management: A. Incomplete – not all levels of management are covered; B. Traditional – all functions and organizational structures can be present in the management system; C. Market models – correspond to the specifics of management in market conditions; D. Innovative – based on combining the best aspects of all known models. On this basis, it was revealed that at present, the solution of most of the problems of the agro-industrial complex is possible, first of all, through the development of an end-to-end system of corporate management of agro-industrial production as a megacluster infrastructure.

scholarly journals КОРПОРАТИВНАЯ СИСТЕМА УПРАВЛЕНИЯ АКЦИОНЕРНЫМИ ОБЩЕСТВАМИ В РЕСПУБЛИКЕ БЕЛАРУСЬ

2018 ◽  
pp. 19-22
Author(s):  
И. Н. Рабыко
Keyword(s):  
Corporate Governance ◽  
Management System ◽  
Supervisory Board ◽  
Independent Directors ◽  
Corporate Management ◽  
Financial Risks ◽  
Governance System ◽  
Corporate Governance System ◽  
The Republic ◽  
Corporate Management System

Formulation of the problem. The development of the economy of the Republic of Belarus actualizes the improvement of corporate governance in joint-stock companies, since the largest enterprises of the republic are joint-stock companies. The subject of the research is to assess the current state of the corporate management system of joint-stock companies. The aim of the research is to reflect the role of the corporate management system of joint-stock companies in the Republic of Belarus as a tool for minimizing financial risks. The object of research is the development processes of the corporate management system of joint-stock companies of the Republic of Belarus. The methods used of the research are logical, comparative, analytical, scientific and methodological. The hypothesis of the study is the assumption of the dependence of the quality of the corporate management system of joint-stock companies and their financial risks. The statement of basic materials. An analysis of the world experience of the corporate governance system of joint stock companies shows that the number of independent directors ranges from 15 to 50% of the members of the board of directors (supervisory board) of the joint stock company. These are primarily requirements for issuers of securities, their corporate management system. Originality and practical significance of the research. Banks have obliged to include in the supervisory board at least two independent directors, making high demands on them. They should confirm their business reputation by certification in the National Bank of the Republic of Belarus. Conclusions of the research. The stages of creating a corporate governance system for joint-stock companies confirm the existence of a sufficient regulatory framework and best practices for creating effective corporate governance systems that allow you to manage risks, especially financial ones, and attract international investors.

scholarly journals Interconnection of functional subsystems of corporate governance

2020 ◽  
Vol 12 (1) ◽  
Author(s):  
Svetlana Sharokhina ◽  
Olga Pudovkina
Keyword(s):  
Corporate Governance ◽  
Management System ◽  
Enterprise Management ◽  
Corporate Management ◽  
Control Analysis ◽  
Governance System ◽  
Governance Process ◽  
Enterprise Management System ◽  
Accounting Control ◽  
Management Functions

The article discusses the features of corporate governance associated with the distribution of ownership and management functions. The components of corporate governance elements are considered in two directions: from the standpoint of the requirements of the current law; from the position of identifying corporate governance with the overall management system in the enterprise. The necessity of applying a systematic approach to the allocation of management functions is justified and their relationship in the corporate governance system is determined. The authors argue that in analyzing corporate governance, one cannot identify it with the enterprise management system in general and exclude the influence of owners on the corporate governance process. The authors propose from the set of corporate governance functions called the following list of functions arranged according to their priority, ambiguity, essence: planning, organization, accounting, control, analysis, regulation. The article describes the goals of implementing individual corporate governance functions and outlines the relationship of some functions with others. The authors call the features of the implementation of the analytical function associated with the opposite of interests. So, if for the management of the company carrying out analytical calculations should contribute to the scientific justification of management decisions, then carrying out analytical calculations by owners is most often aimed at assessing the effectiveness of the enterprise through the activities of management personnel. It is substantiated that the need to study the analytical subsystem, taking into account the requirements of a system-functional approach, is dictated by the fact that it is a subsystem in the general corporate management system, which has an informational relationship with other functional subsystems and is implemented both by the owners and the management of the enterprise. In the course of the study, it was found that the main feature of corporate governance is associated with the distribution of the overall management system between the enterprise management and its owners. At the same time, certain functions are implemented only by certain corporate governance bodies, while others are inherent to both owners and management.

scholarly journals The effectiveness of the enterprise corporate management system: the socio-economic aspect and the evaluation methodology

2018 ◽  
Vol 27 (3) ◽  
pp. 258-263
Author(s):  
I.V. Perevozova ◽  
Kh.V. Obelnytska ◽  
D.D. Perevozova ◽  
A.V. Plikhtiak
Keyword(s):  
Corporate Governance ◽  
Negative Influence ◽  
Evaluation Methodology ◽  
Corporate Management ◽  
Governance System ◽  
The Social ◽  
Corporate Governance System ◽  
Corporate Management System ◽  
Further Development ◽  
Integral Indicator

Within the scope of the article a number of author's researches on the further development of methodological approaches to the construction of the overall integral indicator of the socio-economic efficiency of the enterprise corporate governance system are based on taxonomic analysis.  The author's approach allowed to reveal partial integral coefficients of the social and economic components of the overall integral indicator of the socioeconomic efficiency of the enterprise corporate governance system, the main directions of increasing the socioeconomic efficiency of the enterprise corporate governance system on the basis of partial equalization of the negative influence of disintegrate and the supportive effect of stimulating factors.  The method of estimating the synergy effect of the combination of social and economic aspects of the system of corporate governance of entities and subdivisions of the system is developed, which, unlike the others, allows determining the level of coherence and organization of interaction of its elements in the process of functioning, taking into account changes in time.

Agency problem in management as a challenge for the corporation accounting system

2019 ◽  
pp. 103-115
Author(s):  
Vasyl Tsaruk
Keyword(s):  
Corporate Governance ◽  
Institutional Theory ◽  
Agency Theory ◽  
Agency Problem ◽  
Corporate Management ◽  
Accounting System ◽  
Corporate Structure ◽  
Governance System ◽  
Advantages And Disadvantages ◽  
Corporate Governance System

Introduction. Corporate governance, as a basis for ensuring the efficient use of corporate resources, can be built on a range of models that have both advantages and disadvantages. Neo-institutional theory, in particular its separate component is agency theory. It is one of the theories that allows to substantiate the reasons for the decline in the quality of implemented corporate governance systems and to formulate ways to improve it, in particular, taking into account the role of accounting in ensuring the effectiveness of their functioning. Purpose. The aim of the article is to monitor essence and peculiarities of manifestation of agency problem in corporate governance and substantiation of place of accounting in its solution. Methods. The range of research methods related to the solution of the agent problem in the corporate governance system is applied. Dialectical method of cognition and the systematic approach to the interpretation of corporate governance, the monographic method for monitoring the positions of scientists in the sphere of solving the agent problem, the abstract and logical method for theoretical generalizations and formulation conclusions are used in the research. Results. The necessity of accounting development in solving the agency problem in corporate management is substantiated. The peculiarities of the development of neo-institutional theory as a theoretical basis of corporate governance are revealed. The necessity to study agency theory as a means of solving problems in corporate governance is substantiated. The essence of agency problem in corporate structures is revealed and the causes of its occurrence are identified. The theoretical principles of agency problem in corporate structures are highlighted. Cases of manifestation of agency problem in corporate structures are analyzed. The basic directions of improvement of the accounting system of the corporate structure with the purpose of minimizing consequences of occurrence of agency problem are highlighted. Discussion. It is advisable to focus on optimizing specific elements of the corporate accounting system in further research in order to avoid agency issues in the corporate governance system.

scholarly journals REGIONAL BRANCH APPROACH TO THE FORMATION OF A RATIONAL FORM OF CORPORATE GOVERNANCE

2017 ◽  
Vol 2017 (4) ◽  
pp. 61-66
Author(s):  
Жусуп Тургунбаев ◽  
Zhusup Turgunbaev ◽  
Мелисбек Тургунбаев ◽  
Melisbek Turgunbaev
Keyword(s):  
Corporate Governance ◽  
Management System ◽  
Agricultural Sector ◽  
Individual Characteristics ◽  
The State ◽  
Corporate Management ◽  
Industrial Complex ◽  
Kyrgyz Republic ◽  
Rational Form ◽  
Local Conditions

The paper studies and summarizes some theoretical views on the essence and content of the management system of the agro-industrial complex in the Kyrgyz Republic: the problems, shortcomings, experience in the implementation of economic reforms and the possibility of its use in local conditions. The study features the state of socio-economic development of the republic in the current market conditions. The research on the interaction of management bodies allows the authors to reveal some tendencies of development of the agro industrial complex. The paper introduces a mechanism for improving the interaction of the management system, practical approaches to economic programming and solving management problems in agro-industrial complex and economic policy. The proposals developed for the organization of corporate management of the agro-industrial complex will contribute to the successful solution of various tasks: to increase the economic efficiency of the agricultural sector, to raise the competitiveness of agricultural products and, ultimately, to provide the food security of the Kyrgyz Republic. The paper features a methodology for the rational organization of corporate governance. The methodology takes into account the individual characteristics and parameters of enterprises of various institutional forms of economic environment, geographical location and many other macro and microeconomic factors, as well as the interests of the state and regional business.

The development trend of the safety management system (sms) and the quality management system (qms), the formation of a unified corporate governance system in the “compliance management” format in the civil aviation

2020 ◽  
pp. 72-76
Author(s):  
A.A. Hasimov
Keyword(s):  
Quality Management ◽  
Management System ◽  
Safety Management ◽  
Quality Management System ◽  
Development Trend ◽  
Civil Aviation ◽  
Corporate Management ◽  
Governance System ◽  
Safety Management System ◽  
Effective Implementation

The article considers the role of integration processes of the quality management system in the field of civil aviation. The process of effective implementation of IMS in the corporate environment is taken into consideration and substantiated. The analysis of ICAO-9859 Document is carried out and the need for the implementation of an integrated corporate management system in organizations operating in civil aviation is substantiated. The advantages of using integrated systems are substantiated. General and specific principles of the Safety Management System (SMS) and Quality Management System (QMS) are highlighted. The created system for the effective implementation of the IMS is considered using a specific example of applying the requirements of the “Safety Management Manual”.

ANALYSIS OF THE CORPORATE GOVERNANCE SYSTEM OF PJSC “LUKOIL”

2021 ◽  
Vol 2 (4) ◽  
pp. 198-205
Author(s):  
Vladimir Vladimirovich Filatov ◽  
Marina Vladimirovna Buzulutskaya ◽  
Alexander Vladimirovich Olimpiev ◽  
Sergey Alexandrovich Tikhachev
Keyword(s):  
Corporate Governance ◽  
Governance System ◽  
Corporate Governance System
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